AMC Entertainment Holdings Inc (AMC) Stock Could Soon Reward Patient Investors

AMC Entertainment Holdings Inc (NYSE: AMC) is -27.45% lower on its value in year-to-date trading and has touched a low of $2.38 and a high of $11.88 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AMC stock was last observed hovering at around $4.32 in the last trading session, with the day’s gains setting it 0.12%.

Currently trading at $4.44, the stock is 3.92% and -3.37% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.29 million and changing 2.78% at the moment leaves the stock 0.11% off its SMA200. AMC registered -51.90% loss for a year compared to 6-month gain of 46.53%. The firm has a 50-day simple moving average (SMA 50) of $4.5948 and a 200-day simple moving average (SMA200) of $4.4353.

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The stock witnessed a -1.33% loss in the last 1 month and extending the period to 3 months gives it a -13.11%, and is 3.50% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.24% over the week and 3.74% over the month.

AMC Entertainment Holdings Inc (AMC) has around 33812 employees, a market worth around $1.65B and $4.49B in sales. Profit margin for the company is -8.15%. Distance from 52-week low is 86.55% and -62.63% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.78%).

with sales reaching $1.34B over the same period.The EPS is expected to grow by 50.89% this year, but quarterly earnings will post -3.80% year-over-year.

AMC Entertainment Holdings Inc (AMC) Top Institutional Holders

315.0 institutions hold shares in AMC Entertainment Holdings Inc (AMC), with institutional investors hold 40.19% of the company’s shares. The shares outstanding are 372.45M, and float is at 371.32M with Short Float at 14.21%. Institutions hold 40.08% of the Float.

The top institutional shareholder in the company is VANGUARD GROUP INC with over 30.51 million shares valued at $151.96 million. The investor’s holdings represent 11.5845% of the AMC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 20.81 million shares valued at $103.62 million to account for 7.8995 of the shares outstanding. The other top investors are SUSQUEHANNA INTERNATIONAL GROUP, LLP which holds 12.53 million shares representing 4.7553% and valued at over $62.38 million, while RENAISSANCE TECHNOLOGIES LLC holds 3.9049 of the shares totaling 10.29 million with a market value of $51.22 million.